LDA Avenue 1 is right next to Raiwind road. This Lahore Development Authority’s project was first launched in 2002 and comprises 16,000 Kanal areas for residential purposes. It is a housing society located at a prime location in Lahore especially developed for government servants. The accessibility, ideal location, and facilities provided make LDA Avenue 1 an ideal place providing both residential and commercial plots.
Punjab provincial assembly approved it under the LDA act 1975, and the society is a project of LDA. Lahore Development Authority has approved the NOC (no objection certificate) for the society. Hence, it’s authentic and trustworthy. Moreover, it constitutes wings that are three in number. They are Tepa, Urban Development, and WASA.
LDA Avenue-I Lahore’s development plan is designed by highly professional and skilled architects and engineers. First Launched in 2002; the society constitutes an area of 16,000 Kanal. The total number of plots to be covered was 12007 according to the plan. In the light of the revised plan,13461 are carved out so far.
Moreover,4793 possessions have been handed over to the allottees as per the latest updates, but 3215 allottees didn’t get the possession due to litigation issues. Additionally, society is divided into blocks: blocks A, B, C, D, E, F, G, H, I, J, K, L, and M. The housing society’s plots plan has 5 marla, 10 marla, and 1 Kanal plots.
The total area is divided into different sections, each using a varying amount of land. Almost 56% area, which is about 8899 Kanal is allocated for residential purposes. The commercial area, including parking, comprises 305 Kanal which is 1.93% of the total land. Public buildings are given an area of 2.89 %, which is equal to 457 Kanal.
An area of 1116 Kanal, about 7.06 %, is for Green belts and open spaces. Moreover, the graveyard and roads are given areas of 318 Kanal (2.02%) and 4712 Kanal (29.81%), respectively. Hence, the grand total becomes 15,809 Kanal. Apart from that, block-wise division of plots comprises of various sections. The plots are divided into litigated plots, litigation-free plots, underdeveloped plots, and developed plots.
The payment plan for residential plots is very affordable. The payment plan for 5 marlas, 10 marlas, and 1 Kanal plot is given below:
- 5 marla plots have a price of 1,390,000/-. The down payment is 290,000/-. Moreover, 1st,2nd and 3rd quarter payment is 200,000. In comparison, the 5th and 6th quarter amount is 150,000.
- The total price of 10 marla plots is 1,990,000/-. The down payment is 490,000/-. Additionally, 300,000/- and 150,000/- are the amounts for “1st,2nd,3rd” and “5th,6th” quarters, respectively.
- For 1 Kanal plot, the total price is 3,490,000/-. Down payment is 690,000/-. Additionally, 540,000/- and 320,000/- are the payments for “1st,2nd,3rd” and “5th,6th” quarters, respectively.
Why is LDA Avenue 1 Lahore worthy of your investment?
The features and facilities at LDA Avenue 1 make it an ideal place for investment. We have introduced the best points of this housing society below:
- The housing society is entirely eco-friendly. It’s a feature you won’t find easily in the housing societies of our country Pakistan.
- The society comprises an elegant and beautiful grand mosque to fulfill the religious needs of residents. The mosque is based on the latest technology and excellent architecture.
- Water is an essential need. Primarily, considering the need, society has included the water reservoirs in the infrastructure for storing water. As far as drinking water is concerned, filter plants will be built for that.
- The graveyard is also included in the plan, and it has been allocated with 2.02 % of the total land since it’s significant in any society.
- Other facilities include a community center, education complex, health facilities, business and commercial hub, premium-quality road infrastructure.
- The most significant of all is safety and security, which is the top priority of the housing society.